Citizens JMP lowered the firm’s price target on Salesforce (CRM) to $430 from $450 and keeps an Outperform rating on the shares. Salesforce reported mixed Q3 results, with a miss on revenue and the second time that Salesforce has missed on revenue in the last nineteen years, and “mostly disappointing” guidance, reflecting “some contribution from Agentforce… offset by weakness in Marketing and Commerce and slower growth in our exploration base in FY26,” the analyst tells investors in a research note. The firm continues to view Salesforce as an attractive opportunity for long-term capital appreciation even though Salesforce has seen its growth slow significantly and now expects just 7% growth in the first quarter.
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